HEP Group Revolutionizes Accounting for Long-Term Assets with New Approach
The article discusses how HEP companies manage their long-term assets. It explains what fixed assets are, how they are classified and accounted for, and how depreciation and revaluation are calculated. Depreciation is a significant cost that helps replace assets when they reach the end of their useful life. Revaluation adjusts the value of assets based on market prices, ensuring accurate accounting and protecting capital.